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Press Release

TCF Reports 60th Consecutive Quarter of Net Income - Earns $.26 Per Share, Up 52.9 Percent

Company Release - 4/22/2010 8:02 AM ET

WAYZATA, Minn.--(BUSINESS WIRE)-- TCF Financial Corporation (NYSE:TCB):

FIRST QUARTER HIGHLIGHTS

    --  Diluted earnings per common share of 26 cents, up 52.9 percent
    --  Net income of $33.9 million, up 27.3 percent
    --  Total revenue increased by $37.6 million, or 14.5 percent
    --  Net interest margin of 4.20 percent, up from 3.66 percent
    --  Average deposits increased by $689.1 million, or 6.3 percent
    --  Issued $172.5 million of common stock through a public offering
    --  Tangible realized common equity of 6.87 percent
    --  Announced quarterly cash dividend of five cents per common share,
        payable May 28, 2010

Earnings Summary                     Table 1

($ in thousands, except per-share                              Percent Change
data)

                        1Q           4Q           1Q           1Q10 vs   1Q10 vs
                                                               4Q09      1Q09
                        2010         2009         2009

Net income              $ 33,921     $ 19,456     $ 26,647     74.3 %    27.3 %

Diluted earnings per      .26          .15          .17        73.3      52.9
common share

Financial Ratios (1)

Return on average         .76    %     .43    %     .62    %
assets

Return on average         10.68        6.57         7.58
common equity

Net interest margin       4.20         4.07         3.66

Net charge-offs as a
percentage of             1.22         1.35         1.04
average loans and
leases

(1) Annualized.



TCF Financial Corporation ("TCF") (NYSE: TCB) today reported diluted earnings per common share of 26 cents for the first quarter of 2010, compared with 17 cents in the first quarter of 2009 and 15 cents in the fourth quarter of 2009. Net income for the first quarter of 2010 was $33.9 million, compared with $26.6 million in the first quarter of 2009 and $19.5 million in the fourth quarter of 2009.

TCF declared a quarterly cash dividend of five cents per common share payable on May 28, 2010 to stockholders of record at the close of business on April 30, 2010.

Chairman's Statement

"TCF is reporting its 60th consecutive profitable quarter and has announced its 88th consecutive quarterly dividend payment," said William A. Cooper, TCF Chairman and CEO. "Strong net interest margin performance, a reduction in net charge-offs for the second consecutive quarter and good expense control resulted in improved quarter-to-quarter results. Unemployment continues to challenge consumer credit across the country, including TCF's primary markets. But we are starting to see consumer spending activity improve in the markets we serve as evidenced by our increase in card revenue. With head winds easing, it's clear that based on TCF's high-quality capital, strong balance sheet, conservative banking philosophy and core profitability, we are well-positioned for future success."

Total Revenue                                                  Table 2

                                                               Percent Change

                     1Q            4Q            1Q            1Q10 vs   1Q10 vs
($ in thousands)                                               4Q09      1Q09
                     2010          2009          2009

Net interest         $ 174,662     $ 169,641     $ 145,413     3.0   %   20.1 %
income

Fees and other
revenue:

Fees and service       66,172        74,875        57,064      (11.6 )   16.0
charges

Card revenue           27,072        26,813        24,960      1.0       8.5

ATM revenue            7,022         7,006         7,598       .2        (7.6 )

Total banking          100,266       108,694       89,622      (7.8  )   11.9
fees

Leasing and            20,352        24,408        12,651      (16.6 )   60.9
equipment finance

Other                  2,455         2,764         458         (11.2 )   N.M.

Total fees and         123,073       135,866       102,731     (9.4  )   19.8
other revenue

Gains (losses) on      (430    )     7,283         11,548      N.M.      N.M.
securities, net

Total
non-interest           122,643       143,149       114,279     (14.3 )   7.3
income

Total revenue        $ 297,305     $ 312,790     $ 259,692     (5.0  )   14.5

Net interest           4.20    %     4.07    %     3.66    %
margin(1)

Fees and other
revenue as a % of      41.40         43.44         39.56
total revenue

N.M. = Not
meaningful.

(1) Annualized.



Net Interest Income

    --  Net interest income for the first quarter of 2010 was $174.7 million, up
        $29.2 million, or 20.1 percent, compared with the first quarter of 2009
        and up $5 million, or 3 percent, compared with the fourth quarter of
        2009. The increase in net interest income from the first quarter of 2009
        and from the fourth quarter of 2009 was primarily due to an increase in
        average loans and leases and reduced deposit costs.
    --  Net interest margin in the first quarter of 2010 was 4.20 percent,
        compared with 3.66 percent in the first quarter of 2009 and 4.07 percent
        in the fourth quarter of 2009. The increase in net interest margin from
        the first quarter of 2009 was primarily due to decreased rates paid on
        deposits, partially offset by the increased negative effect of
        non-accrual loans and leases and restructured consumer real estate
        loans. The increase in net interest margin from the fourth quarter of
        2009 was primarily due to decreased rates paid on deposits and the
        positive effect of replacing investments in agency debentures with
        higher yielding mortgage-backed securities.

Non-interest Income

    --  Banking fees and service charges in the first quarter of 2010 were
        $100.3 million, up $10.6 million, or 11.9 percent, from the first
        quarter of 2009 and down $8.4 million, or 7.8 percent, from the fourth
        quarter of 2009. The increase from the first quarter of 2009 was
        primarily due to increased transaction activity and higher monthly
        account maintenance fees. The decrease from the fourth quarter of 2009
        was primarily due to lower seasonal-related transaction activity.
    --  Card revenues in the first quarter of 2010 were $27.1 million, up $2.1
        million, or 8.5 percent, from the first quarter of 2009 and up $259
        thousand, or 1 percent, from the fourth quarter of 2009. The increase
        from the first quarter of 2009 was primarily the result of an increase
        in customer transactions and growth in the number of active accounts.
        The increase from the fourth quarter of 2009 was primarily due to growth
        in average transaction size.
    --  Leasing and equipment finance revenues in the first quarter of 2010 were
        $20.4 million, up $7.7 million, or 60.9 percent, from the first quarter
        of 2009 and down $4.1 million, or 16.6 percent, from the fourth quarter
        of 2009. The increase from the first quarter of 2009 was primarily due
        to increased operating lease revenue which was partially offset by an
        increase in operating lease depreciation. These increases were caused by
        an increase in operating leases due to an acquisition made in the third
        quarter of 2009. The decrease in leasing revenues from the fourth
        quarter of 2009 was primarily due to decreased sales-type lease activity
        which is based on customer-driven factors not within TCF's control.
    --  Other non-interest income in the first quarter of 2010 was $2.5 million,
        up $2 million from the first quarter of 2009 and down $309 thousand from
        the fourth quarter of 2009. The increase in other non-interest income in
        the first quarter of 2010 from the first quarter of 2009 was primarily
        due to increased fees related to growth in the inventory finance
        business.

Loans and Leases

Average Loans and Leases                                      Table 3

                                                              Percent Change

($ in          1Q             4Q             1Q               1Q10 vs   1Q10 vs
thousands)                                                    4Q09      1Q09
               2010           2009           2009

Consumer
real estate

First
mortgage       $ 4,946,473    $ 4,954,306    $ 4,896,521      (.2  )%   1.0   %
lien

Junior lien      2,312,332      2,321,045      2,399,178      (.4  )    (3.6  )

Total            7,258,805      7,275,351      7,295,699      (.2  )    (.5   )

Consumer         30,406         32,676         39,539         (6.9 )    (23.1 )
other

Total            7,289,211      7,308,027      7,335,238      (.3  )    (.6   )
consumer

Commercial       3,272,793      3,241,269      2,998,516      1.0       9.1
real estate

Commercial       429,442        443,013        499,756        (3.1 )    (14.1 )
business

Total            3,702,235      3,684,282      3,498,272      .5        5.8
commercial

Leasing and
equipment        3,043,664      3,049,093      2,632,893      (.2  )    15.6
finance

Inventory        553,095        383,291        28,475         44.3      N.M.
finance

Total          $ 14,588,205   $ 14,424,693   $ 13,494,878     1.1       8.1

N.M. = Not
meaningful.



    --  Average consumer real estate loan balances decreased $36.9 million, or
        .5 percent, from the first quarter of 2009 and decreased $16.5 million,
        or .2 percent, from the fourth quarter of 2009. Decreases from both
        periods reflect less demand for home equity financing due in part to
        declines in home values and reductions in consumer spending in the weak
        economy.
    --  Variable-rate consumer real estate loans increased $197.2 million from
        March 31, 2009 and $77 million from December 31, 2009, while fixed-rate
        consumer real estate loans decreased $258 million from March 31, 2009
        and $110.5 million from December 31, 2009.
    --  At March 31, 2010, 68.2 percent of the consumer real estate loan
        portfolio was secured by first liens.
    --  Average commercial loan balances in the first quarter of 2010 increased
        $204 million, or 5.8 percent, from the first quarter of 2009 and
        increased $18 million, or .5 percent, from the fourth quarter of 2009.
    --  Average leasing and equipment finance balances in the first quarter of
        2010 increased $410.8 million, or 15.6 percent, from the first quarter
        of 2009 and was flat from the fourth quarter of 2009. Portfolio
        purchases and company acquisitions in the first and third quarters of
        2009 contributed $290.9 million to the increase in year-over-year
        average balances.
    --  Average inventory finance loans in the first quarter of 2010 increased
        $169.8 million, or 44.3 percent, from the fourth quarter of 2009. The
        increase was due primarily to the full quarter impact of inventory
        finance programs added in the fourth quarter of 2009 as well as
        increased seasonal activity by dealers in the lawn and garden industry.

Securities Available for Sale

Average Securities Available for Sale                           Table 4

                                                                Yield

                    1Q            4Q            1Q
($ in thousands)                                                1Q10     1Q09
                    2010          2009          2009

U.S. Government
sponsored
entities:

Mortgage-backed     $ 1,885,076   $ 1,497,672   $ 2,002,962     4.54 %   5.12 %
securities

Debentures            -             413,647       8,908         -        1.57

Other securities      5,105         68,472        506           .47      5.58

Total               $ 1,890,181   $ 1,979,791   $ 2,012,376     4.53     5.11



    --  At March 31, 2010, the unrealized gains in the available for sale
        security portfolio were $11.5 million.

Deposits

Average Deposits                                  Table 5

                                                                   Percent Change

($ in           1Q               4Q               1Q               1Q10 vs   1Q10 vs
thousands)
                2010             2009             2009             4Q09      1Q09

Checking        $ 4,406,807      $ 4,116,290      $ 3,951,832      7.1   %   11.5  %

Savings           5,363,268        5,231,159        3,815,082      2.5       40.6

Money market      668,581          671,755          646,347        (.5   )   3.4

Subtotal          10,438,656       10,019,204       8,413,261      4.2       24.1

Certificates      1,127,149        1,366,871        2,463,405      (17.5 )   (54.2 )

Total           $ 11,565,805     $ 11,386,075     $ 10,876,666     1.6       6.3
deposits

Average
interest          .62        %     .74        %     1.49       %
rate on
deposits



    --  Total average deposits in the first quarter of 2010 were $11.6 billion,
        up $689.1 million, or 6.3 percent, from the first quarter of 2009 and up
        $179.7 million, or 1.6 percent, from the fourth quarter of 2009. The
        increase in average deposits in the first quarter of 2010 from the first
        quarter of 2009 was primarily due to strong growth in savings deposits
        resulting from several initiatives involving products, pricing and
        marketing efforts, partially offset by declines in certificates of
        deposits resulting from pricing strategies to reduce higher cost funds.
        Average deposit balances increased from the fourth quarter of 2009
        primarily due to increases in checking and savings, partially offset by
        decreases in certificates of deposit balances.
    --  The average interest rate paid on deposits in the first quarter of 2010
        was .62 percent, down 87 basis points from the first quarter of 2009 and
        down 12 basis points from the fourth quarter of 2009. The average
        interest rate paid on deposits declined due to pricing strategies on
        certain deposit products and mix changes. The weighted average interest
        rate on deposits was .58 percent at March 31, 2010.

Non-interest Expense

Non-interest Expense               Table 6

                                                             Percent Change

                       1Q          4Q          1Q            1Q10 vs    1Q10 vs
($ in thousands)                                             4Q09       1Q09
                       2010        2009        2009

Compensation and       $ 88,225    $ 89,374    $ 86,190      (1.3  )%   2.4   %
employee benefits

Occupancy and            32,181      31,099      32,047      3.5        .4
equipment

Deposit account          6,798       9,347       6,576       (27.3 )    3.4
premiums

FDIC premiums            5,481       5,288       3,795       3.6        44.4

Advertising and          2,820       3,789       4,445       (25.6 )    (36.6 )
marketing

Other                    34,764      40,642      32,016      (14.5 )    8.6

Subtotal                 170,269     179,539     165,069     (5.2  )    3.2

Operating lease          10,040      10,750      4,024       (6.6  )    149.5
depreciation

Foreclosed real
estate and               8,906       12,088      4,291       (26.3 )    107.6
repossessed assets,
net

Other credit costs,      2,587       4,386       824         (41.0 )    N.M.
net

Total non-interest     $ 191,802   $ 206,763   $ 174,208     (7.2  )    10.1
expense



    --  The increase in compensation and employee benefits costs in the first
        quarter of 2010 from the first quarter of 2009 was primarily due to
        higher employee medical plan expenses and growth in the specialty
        finance businesses. The decrease in compensation and employee benefits
        costs from the fourth quarter of 2009 was primarily due to decreased
        salaries and incentives as a result of headcount reductions related to
        the corporate reorganization which occurred in the fourth quarter of
        2009.
    --  Deposit account premiums were $6.8 million for the first quarter of
        2010, up $222 thousand, or 3.4 percent, from the first quarter of 2009
        and down $2.5 million, or 27.3 percent, from the fourth quarter of 2009.
        The decrease in deposit account premiums from the fourth quarter of 2009
        was primarily due to seasonally lower new checking account production.
    --  The increase in FDIC premiums in the first quarter of 2010 from the
        first quarter of 2009 was primarily due to higher deposit insurance
        rates and deposit growth.
    --  Other non-interest expense decreased $5.9 million, or 14.5 percent, from
        the fourth quarter of 2009, primarily due to decreased severance costs
        of $3.2 million.
    --  Foreclosed real estate and repossessed asset expenses in the first
        quarter of 2010 increased $4.6 million from the first quarter of 2009
        and decreased $3.2 million from the fourth quarter of 2009. The increase
        from the first quarter of 2009 was primarily due to increased numbers of
        both foreclosed commercial and consumer real estate properties along
        with continued adjustments to property valuations as a result of falling
        values for most of 2009. The decrease from the fourth quarter of 2009
        was primarily due to decreased losses on sales and valuations and lower
        legal expenses.

Credit Quality

Credit Quality Summary                         Table 7

                                                             Percent Change

($ in              1Q            4Q            1Q            1Q10 vs   1Q10 vs
thousands)                                                   4Q09      1Q09
                   2010          2009          2009

Allowance for
Loan and Lease
Losses

Balance at
beginning of       $ 244,471     $ 215,732     $ 172,442     13.3  %   41.8    %
period

Charge-offs          (50,551 )     (52,841 )     (38,881 )   (4.3  )   30.0

Recoveries           6,019         4,191         3,943       43.6      52.7

Net charge-offs      (44,532 )     (48,650 )     (34,938 )   (8.5  )   27.5

Provision for        50,491        77,389        43,712      (34.8 )   15.5
credit losses

Balance at end     $ 250,430     $ 244,471     $ 181,216     2.4       38.2
of period

Allowance as a
percentage of
period end           1.70    %     1.68    %     1.31    %
loans and
leases

Ratio of
allowance to       1.4 X         1.3 X         1.3 X
net charge-offs
(1)

Credit Loss
Reserves

Allowance for
loan and lease     $ 250,430     $ 244,471     $ 181,216     2.4       38.2
losses

Reserves netted
against              8,040         10,168        15,102      (20.9 )   (46.8   )
portfolio asset
balances

Reserves for
unfunded             3,770         3,850         1,730       (2.1  )   117.9
commitments

Total credit       $ 262,240     $ 258,489     $ 198,048     1.5       32.4
loss reserves

Total credit
loss reserves
as a % of            1.78    %     1.77    %     1.43    %
period end
loans and
leases

Non-accrual
loans and          $ 305,401     $ 296,275     $ 205,916     3.1       48.3
leases

Real estate          101,436       105,768       70,748      (4.1  )   43.4
owned

Total
non-performing     $ 406,837     $ 402,043     $ 276,664     1.2       47.1
assets

Non-performing
assets as a
percentage of        2.81    %     2.80    %     2.03    %
net loans and
leases

Accruing
consumer real
estate             $ 285,606     $ 252,510     $ 24,877      13.1      N.M.
restructured
loans

N.M. = Not
meaningful.

(1) Annualized.



At March 31, 2010:

    --  Allowance for loan and lease losses was $250.4 million, or 1.70 percent
        of loans and leases, compared with $181.2 million, or 1.31 percent, at
        March 31, 2009 and $244.5 million, or 1.68 percent, at December 31,
        2009.
    --  Over 60-day delinquency rate was .82 percent, up from .60 percent at
        March 31, 2009 and up from .69 percent at December 31, 2009, primarily
        due to increases in consumer real estate loan delinquencies, partially
        offset by decreased delinquencies for leasing and equipment finance.
    --  Non-accrual loans and leases increased $9.1 million, or 3.1 percent,
        from December 31, 2009, primarily due to increases in consumer real
        estate non-accrual loans resulting from continued financial stress on
        consumers and due to increases in leasing and equipment finance
        non-accrual balances. Non-accrual loans and leases increased $99.5
        million, or 48.3 percent, from March 31, 2009 primarily due to increases
        in both consumer and leasing and equipment finance non-accrual loans.
    --  Loan restructuring programs for consumer real estate borrowers
        implemented in the third quarter of 2009 have resulted in an increase in
        troubled debt restructurings, which management refers to as restructured
        loans. Restructured loan borrowers are experiencing financial
        difficulties, mainly related to unemployment and underemployment. These
        loans are modified to assist customers with their temporary financial
        hardship by lowering their monthly loan payments through a reduced
        interest rate for up to 18 months. These customers have demonstrated
        their ability to make the modified loan payment with verified current
        income. Performing restructured loans accrue interest at a reduced
        interest rate over their restructured period. During the first quarter
        of 2010, TCF restructured loans totaling $41.1 million. At March 31,
        2010, total accruing restructured loans were $285.6 million, up $33.1
        million from December 31, 2009 and up $260.7 million from March 31,
        2009. Reserves for losses on accruing consumer real estate restructured
        loans were $30 million, or 10.5 percent of the outstanding balance at
        March 31, 2010. The over 60-day delinquency rate on these restructured
        loans was 4.33 percent at March 31, 2010.

For the quarter ended March 31, 2010:

    --  Provision for credit losses was $50.5 million, up from $43.7 million in
        the first quarter of 2009 and down from $77.4 million recorded in the
        fourth quarter of 2009. The increase from the first quarter of 2009 was
        primarily due to increased reserves for restructured consumer real
        estate loans and increased consumer real estate net charge-offs. The
        decrease from the fourth quarter of 2009 was due to decreased net
        charge-offs and lower levels of reserve build on the consumer real
        estate portfolio as the rate of increase in losses has slowed.
    --  Net loan and lease charge-offs were $44.5 million, or 1.22 percent
        annualized, of average loans and leases, up from $34.9 million, or 1.04
        percent annualized, of average loans and leases from the first quarter
        of 2009 and down from $48.7 million, or 1.35 percent annualized, of
        average loans and leases in the fourth quarter of 2009. Increases over
        the first quarter of 2009 were primarily due to increases in consumer
        real estate and leasing and equipment finance net charge-offs, partially
        offset by decreases in commercial business net charge-offs. The decrease
        from the fourth quarter of 2009 was the result of decreases in consumer
        real estate and leasing and equipment finance loan charge-offs,
        partially offset by an increase in commercial real estate loan
        charge-offs.

Income Taxes

    --  Income tax expense was $20.8 million for the first quarter of 2010, or
        37.8 percent of pre-tax income, compared with $15.1 million, or 36.2
        percent of pre-tax income, for the comparable 2009 period and $9.4
        million, or 32.8 percent of pre-tax income, for the fourth quarter of
        2009. The effective tax rate for the fourth quarter of 2009 had a
        year-to-date change in the annual effective income tax of $1.1 million,
        or 85 basis points. Excluding this change, the fourth quarter 2009
        effective income tax rate would have been 36.7 percent.

Capital and Liquidity

Capital Information                                                      Table 8

At period end

($ in thousands, except         1Q                        4Q
per-share data)

                                2010                      2009

Total equity                    $1,393,617                $1,179,755

Total equity to total assets    7.66       %              6.60       %

Book value per common share     $ 9.74                    $9.10

Tangible realized common        6.87       %              5.86       %
equity to tangible assets(1)

Risk-based capital

Tier 1                          $1,369,005     9.98  %    $1,161,750     8.52  %

Total                           1,713,369      12.49      1,514,940      11.12

Total stated
"well-capitalized"              1,372,222      10.00      1,362,787      10.00
requirement

Excess over stated
"well-capitalized"              341,147        2.49       152,153        1.12
requirement

Tier 1 common capital           $1,242,208     9.05  %    $1,042,357     7.65  %

(1) Excludes the impact of goodwill, other intangibles and accumulated other
comprehensive income (loss) (see "Reconciliation of GAAP to Non-GAAP Measures"
table).



    --  In February of 2010, TCF completed a public offering of common stock
        which raised net proceeds of $164.6 million through the issuance of
        12,322,250 common shares.
    --  Total risk-based capital at March 31, 2010 of $1.7 billion, or 12.49
        percent of risk-weighted assets, was $341.1 million in excess of the
        stated "well-capitalized" requirement. Tier 1 common capital at March
        31, 2010 was $1.2 billion, or 9.05 percent of risk-weighted assets.
        Increases in tier 1, total risk-based and tier 1 common capital were
        primarily the result of TCF's public offering of common stock in
        February of 2010 as well as increased retained earnings.
    --  On April 19, 2010, the Board of Directors of TCF declared a regular
        quarterly cash dividend of five cents per common share payable on May
        28, 2010 to stockholders of record at the close of business on April 30,
        2010.
    --  At March 31, 2010, TCF had $2.2 billion in unused, secured borrowing
        capacity at the FHLB of Des Moines and $517 million in unused, secured
        borrowing capacity at the Federal Reserve Discount Window.

Website Information

A live webcast of TCF's conference call to discuss first quarter earnings will be hosted at TCF's website, http://ir.tcfbank.com, on April 22, 2010 at 10:00 a.m., CT. Additionally, the webcast is available for replay at TCF's website after the conference call. The website also includes free access to company news releases, TCF's annual report, quarterly reports, investor presentations and SEC filings.

_______________________________________________________________________________________

TCF is a Wayzata, Minnesota-based national financial holding company with $18.2 billion in total assets. TCF has 441 banking offices in Minnesota, Illinois, Michigan, Colorado, Wisconsin, Indiana, Arizona and South Dakota, providing retail and commercial banking services. TCF also conducts commercial leasing and equipment finance business in all 50 states and commercial inventory finance business in the U.S. and Canada. For more information about TCF, please visit www.tcfbank.com.

Forward-Looking Information

This earnings release and other reports issued by the Company, including reports filed with the SEC, may contain "forward-looking" statements that deal with future results, plans or performance. In addition, TCF's management may make such statements orally to the media, or to securities analysts, investors or others. Forward-looking statements deal with matters that do not relate strictly to historical facts. TCF's future results may differ materially from historical performance and forward-looking statements about TCF's expected financial results or other plans and are subject to a number of risks and uncertainties. These include, but are not limited to the following:

Adverse Economic or Business Conditions, Credit Risks. Continued or deepening deterioration in general economic and banking industry conditions, or continued increases in unemployment in TCF's primary banking markets; adverse economic, business and competitive developments such as shrinking interest margins, deposit outflows, deposit account attrition, or an inability to increase the number of deposit accounts; adverse changes in credit and other risks posed by TCF's loan, lease, investment, and securities available for sale portfolios, including continuing declines in commercial or residential real estate values or changes in the allowance for loan and lease losses dictated by new market conditions or regulatory requirements; interest rate risks resulting from fluctuations in prevailing interest rates or other factors that result in a mismatch between yields earned on TCF's interest-earning assets and the rates paid on its deposits and borrowings.

Earnings/Capital Constraints, Liquidity Risks. Limitations on TCF's ability to pay dividends or to increase dividends in the future because of financial performance deterioration, regulatory restrictions or limitations; increased deposit insurance premiums, special assessments or other costs related to deteriorating conditions in the banking industry and the economic impact on banks of the Emergency Economic Stabilization Act of 2008, as amended ("EESA"); the impact of financial regulatory reform proposals, including possible additional capital requirements; adverse changes in securities markets directly or indirectly affecting TCF's ability to sell assets or to fund its operations; diminished unsecured borrowing capacity resulting from TCF credit rating downgrades and unfavorable conditions in the credit markets that restrict or limit various funding sources; costs associated with new regulatory requirements or interpretive guidance relating to liquidity.

Legislative and Regulatory Requirements. Consumer protection and supervisory requirements which could include the creation of a new consumer protection agency and limits on Federal preemption for state laws that could be applied to national banks; the imposition of requirements with an adverse impact relating to TCF's lending, loan collection and other business activities as a result of the EESA, or other legislative or regulatory developments such as mortgage foreclosure moratorium laws; reduction of interchange revenue from debit card transactions; impact of legislative, regulatory or other changes affecting customer account charges and fee income; changes to bankruptcy laws which would result in the loss of all or part of TCF's security interest due to collateral value declines (so-called "cramdown" provisions); increased health care costs resulting from recently enacted Federal health care reform legislation; adverse regulatory examinations and resulting enforcement actions, including those provided for under the Bank Secrecy Act; heightened regulatory practices, requirements or expectations, including, but not limited to, requirements related to the Bank Secrecy Act and anti-money laundering compliance activity.

Risks Relating to New Product Introduction. TCF has recently introduced a new anchor retail deposit account product that replaces TCF Totally Free Checking, and that calls for a monthly maintenance fee on accounts not meeting certain specific requirements. TCF is also in the process of implementing new regulatory requirements that prohibit financial institutions from charging NSF fees on point-of-sale and ATM transactions unless customers opt-in. Customer acceptance of the new product changes and regulatory requirements cannot be predicted with certainty, and these changes may have an adverse impact on TCF's ability to generate and retain accounts and on its fee revenue.

Litigation Risks. Results of litigation, including class action litigation concerning TCF's lending or deposit activities or fees or charges, or employment practices, and possible increases in indemnification obligations for certain litigation against Visa U.S.A. ("covered litigation") and potential reductions in card revenues resulting from covered litigation or other litigation against Visa.

Competitive Conditions; Supermarket Branching Risk. Reduced demand for financial services and loan and lease products; adverse developments affecting TCF's supermarket banking relationships or any of the supermarket chains in which TCF maintains supermarket branches.

Accounting, Audit, Tax and Insurance Matters. Changes in accounting standards or interpretations of existing standards; monetary, fiscal or tax policies of the federal or state governments, including adoption of state legislation that would increase state taxes; adverse state or Federal tax assessments or findings in tax audits; lack of or inadequate insurance coverage for claims against TCF.

Technological and Operational Matters. Technological, computer related or operational difficulties or loss or theft of information and the possibility that deposit account losses (fraudulent checks, etc.) may increase.

Investors should consult TCF's Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K for additional important information about the Company.

TCF FINANCIAL CORPORATION AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF INCOME

(Dollars in thousands, except per-share data)

(Unaudited)

                               Three Months Ended

                               March 31,                 Change

                               2010          2009        $             %

Interest income:

Loans and leases               $ 221,264     $ 209,377   $ 11,887      5.7     %

Securities available for         21,407        25,701      (4,294  )   (16.7 )
sale

Investments and other            1,141         856         285         33.3

Total interest income            243,812       235,934     7,878       3.3

Interest expense:

Deposits                         17,604        40,084      (22,480 )   (56.1 )

Borrowings                       51,546        50,437      1,109       2.2

Total interest expense           69,150        90,521      (21,371 )   (23.6 )

Net interest income              174,662       145,413     29,249      20.1

Provision for credit losses      50,491        43,712      6,779       15.5

Net interest income after        124,171       101,701     22,470      22.1
provision for credit losses

Non-interest income:

Fees and service charges         66,172        57,064      9,108       16.0

Card revenue                     27,072        24,960      2,112       8.5

ATM revenue                      7,022         7,598       (576    )   (7.6  )

Subtotal                         100,266       89,622      10,644      11.9

Leasing and equipment            20,352        12,651      7,701       60.9
finance

Other                            2,455         458         1,997       N.M.

Fees and other revenue           123,073       102,731     20,342      19.8

Gains (losses) on                (430    )     11,548      (11,978 )   N.M.
securities, net

Total non-interest income        122,643       114,279     8,364       7.3

Non-interest expense:

Compensation and employee        88,225        86,190      2,035       2.4
benefits

Occupancy and equipment          32,181        32,047      134         .4

Deposit account premiums         6,798         6,576       222         3.4

FDIC premiums                    5,481         3,795       1,686       44.4

Advertising and marketing        2,820         4,445       (1,625  )   (36.6 )

Other                            34,764        32,016      2,748       8.6

Subtotal                         170,269       165,069     5,200       3.2

Operating lease                  10,040        4,024       6,016       149.5
depreciation

Foreclosed real estate and       8,906         4,291       4,615       107.6
repossessed assets, net

Other credit costs, net          2,587         824         1,763       N.M.

Total non-interest expense       191,802       174,208     17,594      10.1

Income before income tax         55,012        41,772      13,240      31.7
expense

Income tax expense               20,790        15,125      5,665       37.5

Income after income tax          34,222        26,647      7,575       28.4
expense

Income attributable to           301           -           301         N.M.
non-controlling interest

Net income                       33,921        26,647      7,274       27.3

Preferred stock dividends        -             5,185       (5,185  )   N.M.

Net income available to        $ 33,921      $ 21,462    $ 12,459      58.1
common stockholders

Net income per common
share:

Basic                          $ .26         $ .17       $ .09         52.9

Diluted                          .26           .17         .09         52.9

Dividends declared per         $ .05         $ .25       $ (.20    )   (80.0 )
common share

Average common and common
equivalent shares
outstanding (in thousands):

Basic                            132,343       125,939     6,404       5.1

Diluted                          132,419       125,939     6,480       5.1

N.M. Not meaningful.



TCF FINANCIAL CORPORATION AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION

(Dollars in thousands, except per-share data)

(Unaudited)

                   At               At               At               % Change From

                   March 31,        December 31,     March 31,        December    March
                                                                      31,         31,

                   2010             2009             2009             2009        2009

ASSETS

Cash and due       $ 533,020        $ 299,127        $ 1,024,741      78.2      % (48.0 ) %
from banks

Investments          154,625          163,692          166,879        (5.5  )     (7.3  )

Securities
available for        1,899,825        1,910,476        2,098,628      (.6   )     (9.5  )
sale

Loans and
leases:

Consumer real
estate and           7,295,765        7,331,991        7,363,436      (.5   )     (.9   )
other

Commercial real      3,281,179        3,269,003        3,039,480      .4          8.0
estate

Commercial           421,554          449,516          493,943        (6.2  )     (14.7 )
business

Leasing and
equipment            3,007,504        3,071,429        2,798,134      (2.1  )     7.5
finance

Inventory            700,421          468,805          100,624        49.4        N.M.
finance

Total loans and      14,706,423       14,590,744       13,795,617     .8          6.6
leases

Allowance for
loan and lease       (250,430   )     (244,471   )     (181,216   )   2.4         38.2
losses

Net loans and        14,455,993       14,346,273       13,614,401     .8          6.2
leases

Premises and         444,719          447,930          448,047        (.7   )     (.7   )
equipment, net

Goodwill             152,599          152,599          152,599        -           -

Other assets         546,533          565,078          577,046        (3.3  )     (5.3  )

Total assets       $ 18,187,314     $ 17,885,175     $ 18,082,341     1.7         .6

LIABILITIES AND
EQUITY

Deposits:

Checking           $ 4,601,984      $ 4,400,290      $ 4,101,540      4.6         12.2

Savings              5,499,835        5,339,955        4,648,463      3.0         18.3

Money market         672,894          640,569          660,862        5.0         1.8

Subtotal             10,774,713       10,380,814       9,410,865      3.8         14.5

Certificates of      1,107,660        1,187,505        2,236,338      (6.7  )     (50.5 )
deposit

Total deposits       11,882,373       11,568,319       11,647,203     2.7         2.0

Short-term           17,590           244,604          26,299         (92.8 )     (33.1 )
borrowings

Long-term            4,496,574        4,510,895        4,311,568      (.3   )     4.3
borrowings

Total                4,514,164        4,755,499        4,337,867      (5.1  )     4.1
borrowings

Accrued
expenses and         397,160          381,602          597,315        4.1         (33.5 )
other
liabilities

Total                16,793,697       16,705,420       16,582,385     .5          1.3
liabilities

Equity:

Preferred
stock, par
value $.01 per
share,               -                -                349,007        -           N.M.
30,000,000
authorized; 0,
0 and 361,172
shares issued

Common stock,
par value $.01
per share,
280,000,000
shares               1,426            1,303            1,304          9.4         9.4
authorized;
142,560,181,
130,339,500 and
130,410,951
shares issued

Additional           455,608          297,429          315,025        53.2        44.6
paid-in capital

Retained
earnings,
subject to           973,513          946,002          917,762        2.9         6.1
certain
restrictions

Accumulated
other                (11,836    )     (18,545    )     4,391          (36.2 )     N.M.
comprehensive
income (loss)

Treasury stock
at cost,
622,618,
1,136,688 and        (36,891    )     (50,827    )     (87,533    )   (27.4 )     (57.9 )
2,573,813
shares, and
other

Total TCF
Financial Corp.      1,381,820        1,175,362        1,499,956      17.6        (7.9  )
stockholders'
equity

Non-controlling
interest in          11,797           4,393            -              168.5       N.M.
subsidiaries

Total equity         1,393,617        1,179,755        1,499,956      18.1        (7.1  )

Total
liabilities and    $ 18,187,314     $ 17,885,175     $ 18,082,341     1.7         .6
equity

N.M. Not
meaningful.



TCF FINANCIAL CORPORATION AND SUBSIDIARIES

CREDIT QUALITY DATA

(Dollars in thousands)

(Unaudited)

Allowance for
Loan and Lease
Losses

               At March 31, 2010       At December 31, 2009      At March 31, 2009         Change from

                                                                                           Dec. 31,       Mar. 31,

               Balance    % of         Balance      % of         Balance      % of           2009           2009
                          Portfolio                 Portfolio                 Portfolio

Consumer       $ 170,932    2.36    %  $ 164,966      2.27    %  $ 103,475      1.42    %    9        bps   94       bps
real estate

Consumer         2,556      5.25         2,476        4.82         2,519        4.53         43             72
other

Total
consumer         173,488    2.38         167,442      2.28         105,994      1.44         10             94
real estate
and other

Commercial       36,119     1.10         37,274       1.14         40,354       1.33         (4     )       (23    )
real estate

Commercial       5,301      1.26         6,230        1.39         10,281       2.08         (13    )       (82    )
business

Leasing and
equipment        32,993     1.10         32,063       1.04         24,140       .86          6              24
finance

Inventory        2,529      .36          1,462        .31          447          .44          5              (8     )
finance

Total          $ 250,430    1.70       $ 244,471      1.68       $ 181,216      1.31         2              39

Credit Loss
Reserves

               At March 31, 2010       At December 31, 2009      At March 31, 2009         Change from

                                                                                           Dec. 31,       Mar. 31,

               Balance    % of         Balance      % of         Balance      % of           2009           2009
                          Portfolio                 Portfolio                 Portfolio

Allowance
for loan       $ 250,430    1.70    %  $ 244,471      1.68    %  $ 181,216      1.31    %    2        bps   39       bps
and lease
losses

Reserves
netted
against          8,040    N.M.           10,168     N.M.           15,102     N.M.           -              -
portfolio
asset
balances

Reserves
for              3,770    N.M.           3,850      N.M.           1,730      N.M.           -              -
unfunded
commitments

Total          $ 262,240    1.78       $ 258,489      1.77       $ 198,048      1.43         1              35

Net
Charge-Offs

                          Quarter Ended                                                    Change from

                          Mar. 31,     Dec. 31,     Sep. 30,     Jun. 30,     Mar. 31,     Dec. 31,       Mar. 31,

                          2010         2009         2009         2009         2009         2009           2009

Consumer
real estate

First
mortgage                  $ 16,266     $ 16,646     $ 15,694     $ 11,795     $ 10,477     $ (380   )     $ 5,789
lien

Junior lien                 12,996       14,757       14,201       11,201       11,849       (1,761 )       1,147

Total
consumer                    29,262       31,403       29,895       22,996       22,326       (2,141 )       6,936
real estate

Consumer                    365          2,219        2,587        1,661        1,290        (1,854 )       (925   )
other

Total
consumer                    29,627       33,622       32,482       24,657       23,616       (3,995 )       6,011
real estate
and other

Commercial                  6,521        5,585        6,758        19,531       3,640        936            2,881
real estate

Commercial                  1,316        1,674        4,514        (55     )    2,981        (358   )       (1,665 )
business

Leasing and
equipment                   6,643        7,681        9,409        5,529        4,701        (1,038 )       1,942
finance

Inventory                   425          88           94           -            -            337            425
finance

Total                     $ 44,532     $ 48,650     $ 53,257     $ 49,662     $ 34,938     $ (4,118 )     $ 9,594

Net Charge-Offs as a Percentage of
Average Loans and Leases

                          Quarter Ended(1)                                                 Change from

                          Mar. 31,     Dec. 31,     Sep. 30,     Jun. 30,     Mar. 31,     Dec. 31,       Mar. 31,

                          2010         2009         2009         2009         2009         2009           2009

Consumer
real estate

First
mortgage                    1.32    %    1.34    %    1.27    %    .96     %    .86     %    (2     ) bps   46       bps
lien

Junior lien                 2.25         2.54         2.44         1.90         1.98         (29    )       27

Total
consumer                    1.61         1.73         1.65         1.26         1.22         (12    )       39
real estate

Consumer                  N.M.         N.M.         N.M.         N.M.         N.M.         N.M.           N.M.
other

Total
consumer                    1.63         1.84         1.78         1.35         1.29         (21    )       34
real estate
and other

Commercial                  .80          .69          .85          2.51         .49          11             31
real estate

Commercial                  1.23         1.51         3.78         (.05    )    2.39         (28    )       (116   )
business

Leasing and
equipment                   .87          1.01         1.34         .79          .71          (14    )       16
finance

Inventory                   .31          .09          .20          -            -            22             31
finance

Total                       1.22         1.35         1.52         1.43         1.04         (13    )       18

(1)
Annualized.

N.M. Not meaningful.



TCF FINANCIAL CORPORATION AND SUBSIDIARIES

CREDIT QUALITY DATA

(Dollars in thousands)

(Unaudited)

                       At            At            At            At            At            Change from

                       Mar. 31,      Dec. 31,      Sep. 30,      Jun. 30,      Mar. 31,      Dec. 31,        Mar. 31,

                         2010          2009          2009          2009          2009          2009            2009

Restructured Loans

     Accruing
     consumer real     $ 285,606     $ 252,510     $ 159,881     $ 51,483      $ 24,877      $ 33,096        $ 260,729
     estate

Classified
Commercial Loans
and Leases(1)

     Commercial        $ 348,798     $ 288,848     $ 222,437     $ 143,644     $ 176,277     $ 59,950        $ 172,521
     real estate

     Commercial          46,367        42,464        71,809        41,847        35,826        3,903           10,541
     business

     Leasing and
     equipment           39,960        38,998        35,185        27,970        27,898        962             12,062
     finance

     Total             $ 435,125     $ 370,310     $ 329,431     $ 213,461     $ 240,001     $ 64,815        $ 195,124

     60 days or
     more
     delinquencies
     as a
     percentage of       1.50      %   1.94      %   1.66      %   2.75      %   .53       %   (44     ) bps   97        bps
     classified
     commercial
     loans and
     leases

Non-Performing
Assets

     Non-accrual
     loans and
     leases:

     Consumer real
     estate

     First mortgage    $ 125,997     $ 118,313     $ 104,646     $ 83,766      $ 82,082      $ 7,684         $ 43,915
     lien

     Junior lien         21,874        20,846        13,964        11,209        11,373        1,028           10,501

     Total consumer      147,871       139,159       118,610       94,975        93,455        8,712           54,416
     real estate

     Consumer other      177           141           120           147           146           36              31

     Total consumer
     real estate         148,048       139,300       118,730       95,122        93,601        8,748           54,447
     and other

     Commercial          75,293        77,627        93,419        87,252        67,264        (2,334  )       8,029
     real estate

     Commercial          27,075        28,569        9,836         11,532        11,857        (1,494  )       15,218
     business

     Leasing and
     equipment           54,099        50,008        46,806        46,011        33,190        4,091           20,909
     finance

     Inventory           886           771           43            -             4             115             882
     finance

     Total
     non-accrual         305,401       296,275       268,834       239,917       205,916       9,126           99,485
     loans and
     leases

     Other real
     estate owned:

     Consumer real       65,301        66,956        73,397        72,745        45,633        (1,655  )       19,668
     estate

     Commercial          36,135        38,812        20,770        24,117        25,115        (2,677  )       11,020
     real estate

     Total other
     real estate         101,436       105,768       94,167        96,862        70,748        (4,332  )       30,688
     owned

     Total
     non-performing    $ 406,837     $ 402,043     $ 363,001     $ 336,779     $ 276,664     $ 4,794         $ 130,173
     assets

     Non-performing
     assets as a
     percentage of       2.81      %   2.80      %   2.57      %   2.45      %   2.03      %   1         bps   78        bps
     net loans and
     leases

     Non-accrual
     loans and
     leases -
     rollforward

     Balance,
     beginning of      $ 296,275     $ 268,834     $ 239,917     $ 205,916     $ 172,518     $ 27,441        $ 123,757
     period

     Additions           84,212        128,054       99,936        131,414       92,107        (43,842 )       (7,895  )

     Charge-offs         (23,510 )     (24,424 )     (32,730 )     (35,488 )     (19,881 )     914             (3,629  )

     Transfers to        (29,601 )     (44,114 )     (20,218 )     (42,027 )     (27,915 )     14,513          (1,686  )
     other assets

     Return to           (11,111 )     (15,283 )     (8,294  )     (7,255  )     (6,673  )     4,172           (4,438  )
     accrual status

     Payments            (12,671 )     (15,756 )     (9,271  )     (9,862  )     (4,586  )     3,085           (8,085  )
     received

     Other, net          1,807         (1,036  )     (506    )     (2,781  )     346           2,843           1,461

     Balance, end      $ 305,401     $ 296,275     $ 268,834     $ 239,917     $ 205,916     $ 9,126         $ 99,485
     of period

     Charge-offs
     and allowance
     recorded on
     non-accrual
     loans and
     leases as a
     percentage of
     contractual
     balance

     Consumer real       20.5      %   19.3      %   18.4      %   17.0      %   14.2      %   120       bps   630       bps
     estate

     Commercial          28.6          25.7          29.7          27.8          28.7          290             (10     )

     Leasing and
     equipment           28.7          29.9          27.7          27.1          24.5          (120    )       420
     finance

     Inventory           2.9           2.9           -             -             -             -               290
     finance

     Total               24.6          23.2          24.4          23.3          21.3          140             330

     Excludes non-accrual loans and leases, over 90-day delinquent loans and leases, real estate owned, and repossessed
(1)  assets and includes commercial loans and leases primarily classified for regulatory purposes as substandard and reflect
     the distinct possibility, but not probability, that they will become non-performing or that TCF will not be able to
     collect all amounts due according to the contractual terms of the loan or lease agreement.



TCF FINANCIAL CORPORATION AND SUBSIDIARIES

CREDIT QUALITY DATA

(Dollars in thousands)

(Unaudited)

Non-Performing
Assets - continued

                     At            At            At            At            At            Change from

                     Mar. 31,      Dec. 31,      Sep. 30,      Jun. 30,      Mar. 31,      Dec. 31,        Mar. 31,

                     2010          2009          2009          2009          2009          2009            2009

     Other real
     estate owned -
     rollforward

     Balance,
     beginning of    $ 105,768     $ 94,167      $ 96,862      $ 70,748      $ 61,665      $ 11,601        $ 44,103
     period

     Transferred in    28,209        46,325        18,201        41,374        25,448        (18,116 )       2,761

     Sales             (25,171 )     (26,956 )     (18,838 )     (15,155 )     (15,568 )     1,785           (9,603 )

     Writedowns        (4,068  )     (6,077  )     (3,580  )     (1,932  )     (1,627  )     2,009           (2,441 )

     Other, net        (3,302  )     (1,691  )     1,522         1,827         830           (1,611  )       (4,132 )

     Balance, end    $ 101,436     $ 105,768     $ 94,167      $ 96,862      $ 70,748      $ (4,332  )     $ 30,688
     of period

     Ending number
     of properties
     owned

     Consumer real     569           504           491           462           376           65              193
     estate

     Commercial        39            42            20            25            25            (3      )       14
     real estate

     Total             608           546           511           487           401           62              207

     Charge-offs
     and writedowns
     recorded on
     other real
     estate owned
     as a
     percentage of
     contractual
     loan balance
     prior to
     non-performing
     status

     Consumer          29.9      %   26.7      %   24.4      %   21.8      %   25.7      %   320       bps   420      bps

     Commercial        34.2          27.8          23.7          12.6          10.8          640             2,340

     Total             31.5          27.1          24.3          19.7          21.0          440             1,050

Delinquency Data -
Principal Balances
(1)

                     At            At            At            At            At            Change from

                     Mar. 31,      Dec. 31,      Sep. 30,      Jun. 30,      Mar. 31,      Dec. 31,        Mar. 31,

                     2010          2009          2009          2009          2009          2009            2009

     60 days or
     more:

     Consumer real
     estate

     First mortgage  $ 80,883      $ 65,074      $ 78,281      $ 65,022      $ 57,121      $ 15,809        $ 23,762
     lien

     Junior lien       22,293        17,942        16,880        13,403        10,141        4,351           12,152

     Total consumer    103,176       83,016        95,161        78,425        67,262        20,160          35,914
     real estate

     Consumer other    105           215           250           207           187           (110    )       (82    )

     Total consumer
     real estate       103,281       83,231        95,411        78,632        67,449        20,050          35,832
     and other

     Commercial        -             22            1,089         2,150         -             (22     )       -
     real estate

     Commercial        -             46            12            129           9             (46     )       (9     )
     business

     Leasing and
     equipment         9,869         11,263        13,664        16,414        12,173        (1,394  )       (2,304 )
     finance

     Inventory         674           705           69            -             135           (31     )       539
     finance

     Subtotal(2)       113,824       95,267        110,245       97,325        79,766        18,557          34,058

     Acquired          9,185         10,862        11,585        1,657         2,504         (1,677  )       6,681
     portfolios

     Total           $ 123,009     $ 106,129     $ 121,830     $ 98,982      $ 82,270      $ 16,880        $ 40,739
     delinquencies

Delinquency Data -
% of Portfolio(1)

                     At            At            At            At            At            Change from

                     Mar. 31,      Dec. 31,      Sep. 30,      Jun. 30,      Mar. 31,      Dec. 31,        Mar. 31,

                     2010          2009          2009          2009          2009          2009            2009

     60 days or
     more:

     Consumer real
     estate

     First mortgage    1.68      %   1.34      %   1.62      %   1.34      %   1.18      %   34        bps   50       bps
     lien

     Junior lien       .98           .78           .73           .58           .43           20              55

     Total consumer    1.45          1.16          1.33          1.09          .93           29              52
     real estate

     Consumer other    .22           .42           .44           .34           .34           (20     )       (12    )

     Total consumer
     real estate       1.44          1.16          1.32          1.09          .93           28              51
     and other

     Commercial        -             -             .03           .07           -             -               -
     real estate

     Commercial        -             .01           -             .03           -             (1      )       -
     business

     Leasing and
     equipment         .39           .44           .53           .65           .49           (5      )       (10    )
     finance

     Inventory         .10           .19           .03           -             .13           (9      )       (3     )
     finance

     Subtotal(2)       .82           .69           .81           .72           .60           13              22

     Acquired          2.03          1.93          2.62          .69           .97           10              106
     portfolios

     Total             .85           .74           .87           .72           .60           11              25
     delinquencies

(1)  Excludes non-accrual loans and leases.

     Excludes delinquencies and non-accrual loans in acquired portfolios as delinquency and non-accrual migration in
(2)  these portfolios is not expected to result in financial statement losses exceeding the credit reserves netted
     against the loan balances.



TCF FINANCIAL CORPORATION AND SUBSIDIARIES

CONSOLIDATED AVERAGE BALANCE SHEETS, YIELDS AND RATES

(Dollars in thousands)

(Unaudited)

                    Three Months Ended March 31,

                    2010                             2009

                    Average                  Yields  Average                  Yields
                                             and                              and

                    Balance       Interest   Rates   Balance       Interest   Rates
                                             (1)                              (1)

ASSETS:

Investments and     $ 279,995     $ 1,141    1.64 %  $ 484,394     $ 856      .71  %
other

U.S. Government
sponsored
entities:

Mortgage-backed       1,885,076     21,401   4.54      2,002,962     25,659   5.12
securities

Debentures            -             -        -         8,908         35       1.57

Other securities      477           6        5.08      506           7        5.58

Total securities
available for         1,885,553     21,407   4.54      2,012,376     25,701   5.11
sale(2)

Loans and
leases:

Consumer real
estate:

Fixed-rate            5,287,660     81,496   6.25      5,477,467     88,806   6.57

Variable-rate         1,971,145     27,334   5.62      1,818,232     26,223   5.85

Consumer - other      30,406        635      8.47      39,539        822      8.43

Total consumer
real estate and       7,289,211     109,465  6.09      7,335,238     115,851  6.40
other

Commercial real
estate:

Fixed- and            2,782,787     41,602   6.06      2,410,335     36,284   6.11
adjustable-rate

Variable-rate         490,006       5,314    4.40      588,181       5,640    3.89

Total commercial      3,272,793     46,916   5.81      2,998,516     41,924   5.67
real estate

Commercial
business:

Fixed- and            164,204       2,283    5.64      175,445       2,550    5.89
adjustable-rate

Variable-rate         265,238       2,460    3.76      324,311       2,386    2.98

Total commercial      429,442       4,743    4.48      499,756       4,936    4.01
business

Leasing and
equipment             3,043,664     50,002   6.57      2,632,893     46,051   7.00
finance

Inventory             553,095       10,138   7.33      28,475        615      8.64
finance

Total loans and       14,588,205    221,264  6.13      13,494,878    209,377  6.27
leases

Total
interest-earning      16,753,753    243,812  5.87      15,991,648    235,934  5.96
assets

Other assets          1,234,797                        1,158,072

Total assets        $ 17,988,550                     $ 17,149,720

LIABILITIES AND
EQUITY:

Non-interest
bearing
deposits:

Retail              $ 1,462,962                      $ 1,428,453

Small business        597,249                          563,236

Commercial and        278,827                          227,470
custodial

Total
non-interest          2,339,038                        2,219,159
bearing deposits

Interest-bearing
deposits:

Checking              2,085,175     1,806    .35       1,747,480     2,687    .62

Savings               5,345,862     11,531   .87       3,800,275     16,939   1.81

Money market          668,581       1,250    .76       646,347       2,310    1.45

Subtotal              8,099,618     14,587   .73       6,194,102     21,936   1.44

Certificates of       1,127,149     3,017    1.08      2,463,405     18,148   2.98
deposit

Total
interest-bearing      9,226,767     17,604   .77       8,657,507     40,084   1.88
deposits

Total deposits        11,565,805    17,604   .62       10,876,666    40,084   1.49

Borrowings:

Short-term            197,319       102      .21       44,131        94       .86
borrowings

Long-term             4,500,285     51,444   4.63      4,366,782     50,343   4.67
borrowings

Total borrowings      4,697,604     51,546   4.44      4,410,913     50,437   4.63

Total
interest-bearing      13,924,371    69,150   2.01      13,068,420    90,521   2.81
liabilities

Total deposits        16,263,409    69,150   1.72      15,287,579    90,521   2.40
and borrowings

Other                 448,233                          380,202
liabilities

Total                 16,711,642                       15,667,781
liabilities

Total TCF
Financial Corp.       1,270,057                        1,481,939
stockholders'
equity

Non-controlling
interest in           6,851                            -
subsidiaries

Total equity          1,276,908                        1,481,939

Total
liabilities and     $ 17,988,550                     $ 17,149,720
equity

Net interest
income and                        $ 174,662  4.20 %                $ 145,413  3.66 %
margin

(1) Annualized.

(2) Average balances and yields of securities available for sale are based upon the
historical amortized cost and excludes marketable equity securities.



TCF FINANCIAL CORPORATION AND SUBSIDIARIES

CONSOLIDATED QUARTERLY STATEMENTS OF INCOME AND FINANCIAL RATIOS

(Dollars in thousands, except per-share data)

(Unaudited)

                   At or For the Three Months Ended

                   Mar. 31,      Dec. 31,      Sep. 30,      Jun. 30,    Mar. 31,

                     2010          2009          2009          2009        2009

Interest
income:

Loans and          $ 221,264     $ 222,300     $ 217,307     $ 215,400   $ 209,377
leases

Securities
available for        21,407        20,035        20,474        23,217      25,701
sale

Investments and      1,141         1,160         1,217         1,137       856
other

Total interest       243,812       243,495       238,998       239,754     235,934
income

Interest
expense:

Deposits             17,604        21,171        27,512        33,345      40,084

Borrowings           51,546        52,683        49,997        49,946      50,437

Total interest       69,150        73,854        77,509        83,291      90,521
expense

Net interest         174,662       169,641       161,489       156,463     145,413
income

Provision for        50,491        77,389        75,544        61,891      43,712
credit losses

Net interest
income after
provision for        124,171       92,252        85,945        94,572      101,701

credit losses

Non-interest
income:

Fees and             66,172        74,875        77,433        77,536      57,064
service charges

Card revenue         27,072        26,813        26,393        26,604      24,960

ATM revenue          7,022         7,006         7,861         7,973       7,598

Subtotal             100,266       108,694       111,687       112,113     89,622

Leasing and
equipment            20,352        24,408        15,173        16,881      12,651
finance

Other                2,455         2,764         1,197         820         458

Fees and other       123,073       135,866       128,057       129,814     102,731
revenue

Gains (losses)
on securities,       (430    )     7,283         -             10,556      11,548
net

Total
non-interest         122,643       143,149       128,057       140,370     114,279
income

Non-interest
expense:

Compensation
and employee         88,225        89,374        90,680        90,752      86,190
benefits

Occupancy and        32,181        31,099        31,619        31,527      32,047
equipment

Deposit account      6,798         9,347         7,472         7,287       6,576
premiums

FDIC premiums        5,481         5,288         5,085         4,941       3,795

Advertising and      2,820         3,789         4,766         4,134       4,445
marketing

Other                34,764        40,642        35,159        36,344      32,016

Subtotal             170,269       179,539       174,781       174,985     165,069

Operating lease      10,040        10,750        3,734         3,860       4,024
depreciation

Foreclosed real
estate and           8,906         12,088        8,038         6,125       4,291
repossessed
assets, net

Other credit         2,587         4,386         3,714         3,214       824
costs, net

FDIC assessment      -             -             -             8,362       -

Total
non-interest         191,802       206,763       190,267       196,546     174,208
expense

Income before
income tax           55,012        28,638        23,735        38,396      41,772
expense

Income tax           20,790        9,385         6,491         14,853      15,125
expense

Income after
income tax           34,222        19,253        17,244        23,543      26,647
expense

Income (loss)
attributable to      301           (203    )     (207    )     -           -
non-controlling
interest

Net income           33,921        19,456        17,451        23,543      26,647

Preferred stock      -             -             -             1,193       5,185
dividends

Non-cash deemed
preferred stock      -             -             -             12,025      -
dividend

Net income
available to       $ 33,921      $ 19,456      $ 17,451      $ 10,325    $ 21,462
common
stockholders

Net income per
common share:

Basic              $ .26         $ .15         $ .14         $ .08       $ .17

Diluted              .26           .15           .14           .08         .17

Dividends
declared per       $ .05         $ .05         $ .05         $ .05       $ .25
common share

Financial
Ratios:

Return on
average assets       .76       %   .43       %   .39       %   .53     %   .62     %
(1)

Return on
average common       10.68         6.57          6.03          3.61        7.58
equity(1)

Net interest         4.20          4.07          3.92          3.80        3.66
margin(1)

Average common
equity to            7.10          6.69          6.61          6.48        6.61
average assets

(1) Annualized.



TCF FINANCIAL CORPORATION AND SUBSIDIARIES

CONSOLIDATED QUARTERLY AVERAGE BALANCE SHEETS

(In thousands)

(Unaudited)

                        Mar. 31,        Dec. 31,        Sep. 30,        Jun. 30,        Mar. 31,

                          2010            2009            2009            2009            2009

ASSETS

Cash and due from       $ 388,969       $ 297,758       $ 499,696       $ 564,853       $ 609,168
banks

Investments               160,630         158,764         157,590         166,824         165,243

U.S. Government
sponsored entities:

Mortgage-backed           1,885,076       1,497,672       1,432,670       1,656,767       2,002,962
securities

Debentures                -               413,647         600,098         527,562         8,908

Other securities          5,105           68,472          489             498             506

Total securities          1,890,181       1,979,791       2,033,257       2,184,827       2,012,376
available for sale

Loans and leases:

Consumer real
estate:

Fixed-rate                5,287,660       5,360,601       5,394,712       5,453,117       5,477,467

Variable-rate             1,971,145       1,914,750       1,873,913       1,840,983       1,818,232

Consumer - other          30,406          32,676          35,015          36,255          39,539

Total consumer real       7,289,211       7,308,027       7,303,640       7,330,355       7,335,238
estate and other

Commercial real
estate:

Fixed- and                2,782,787       2,708,597       2,645,261       2,531,026       2,410,335
adjustable-rate

Variable-rate             490,006         532,672         548,425         579,004         588,181

Total commercial          3,272,793       3,241,269       3,193,686       3,110,030       2,998,516
real estate

Commercial business:

Fixed- and                164,204         152,784         166,008         173,000         175,445
adjustable-rate

Variable-rate             265,238         290,229         311,033         310,493         324,311

Total commercial          429,442         443,013         477,041         483,493         499,756
business

Leasing and               3,043,664       3,049,093       2,811,165       2,809,787       2,632,893
equipment finance

Inventory finance         553,095         383,291         185,914         118,317         28,475

Total loans and           14,588,205      14,424,693      13,971,446      13,851,982      13,494,878
leases

Allowance for loan        (245,154   )    (218,967   )    (200,684   )    (181,895   )    (174,364   )
and lease losses

Net loans and leases      14,343,051      14,205,726      13,770,762      13,670,087      13,320,514

Premises and              447,765         449,738         449,625         449,622         450,128
equipment, net

Goodwill                  152,599         152,599         152,599         152,599         152,599

Other assets              605,355         530,591         462,996         447,105         439,692

Total assets            $ 17,988,550    $ 17,774,967    $ 17,526,525    $ 17,635,917    $ 17,149,720

LIABILITIES AND
EQUITY

Non-interest-bearing
deposits:

Retail                  $ 1,462,962     $ 1,355,543     $ 1,380,591     $ 1,446,215     $ 1,428,453

Small business            597,249         611,454         591,451         571,676         563,236

Commercial and            278,827         297,223         277,135         260,079         227,470
custodial

Total non-interest        2,339,038       2,264,220       2,249,177       2,277,970       2,219,159
bearing deposits

Interest-bearing
deposits:

Checking                  2,085,175       1,868,911       1,800,583       1,792,493       1,747,480

Savings                   5,345,862       5,214,318       5,071,509       4,823,897       3,800,275

Money Market              668,581         671,755         723,098         690,201         646,347

Subtotal                  8,099,618       7,754,984       7,595,190       7,306,591       6,194,102

Certificates of           1,127,149       1,366,871       1,757,884       2,087,490       2,463,405
deposit

Total
interest-bearing          9,226,767       9,121,855       9,353,074       9,394,081       8,657,507
deposits

Total deposits            11,565,805      11,386,075      11,602,251      11,672,051      10,876,666

Borrowings:

Short-term                197,319         240,981         25,267          29,027          44,131
borrowings

Long-term borrowings      4,500,285       4,511,311       4,306,009       4,307,777       4,366,782

Total borrowings          4,697,604       4,752,292       4,331,276       4,336,804       4,410,913

Accrued expenses and      448,233         447,597         435,215         403,561         380,202
other liabilities

Total liabilities         16,711,642      16,585,964      16,368,742      16,412,416      15,667,781

Equity:

Preferred stock           -               -               -               80,540          348,727

Common stock              1,353           1,304           1,304           1,304           1,305

Additional paid-in        360,517         302,209         305,199         301,937         319,872
capital

Retained earnings,
subject to certain        957,596         938,504         926,137         922,856         914,972
restrictions

Accumulated other
comprehensive income      (6,224     )    1,040           (7,490     )    (5,097     )    (5,745     )
(loss)

Treasury stock at         (43,185    )    (58,110    )    (67,641    )    (78,039    )    (97,192    )
cost and other

Total TCF Financial
Corp. stockholders        1,270,057       1,184,947       1,157,509       1,223,501       1,481,939
equity

Non-controlling
interest in               6,851           4,056           274             -               -
subsidiaries

Total equity              1,276,908       1,189,003       1,157,783       1,223,501       1,481,939

Total liabilities       $ 17,988,550    $ 17,774,967    $ 17,526,525    $ 17,635,917    $ 17,149,720
and equity



TCF FINANCIAL CORPORATION AND SUBSIDIARIES

CONSOLIDATED QUARTERLY YIELDS AND RATES(1)

(Unaudited)

                          Mar. 31,   Dec. 31,   Sep. 30,   Jun. 30,   Mar. 31,

                          2010       2009       2009       2009       2009

ASSETS

Investments and other     1.64     % 2.62     % 1.24     % 1.00     % .71      %

U.S. Government
sponsored entities:

Mortgage-backed           4.54       4.73       4.80       4.91       5.12
securities

Debentures                -          2.23       2.19       2.17       1.57

Other securities          5.08       .11        4.91       5.63       5.58

Total securities          4.54       4.05       4.03       4.25       5.11
available for sale

Loans and leases:

Consumer real estate:

Fixed-rate                6.25       6.26       6.36       6.52       6.57

Variable-rate             5.62       5.63       5.72       5.79       5.85

Consumer - other          8.47       8.54       8.57       8.63       8.43

Total consumer real       6.09       6.11       6.21       6.34       6.40
estate and other

Commercial real
estate:

Fixed- and                6.06       6.07       6.03       6.00       6.11
adjustable-rate

Variable-rate             4.40       4.06       4.16       3.95       3.89

Total commercial real     5.81       5.74       5.71       5.62       5.67
estate

Commercial business:

Fixed- and                5.64       5.68       5.68       5.71       5.89
adjustable-rate

Variable-rate             3.76       3.89       3.67       3.27       2.98

Total commercial          4.48       4.51       4.37       4.15       4.01
business

Leasing and equipment     6.57       6.62       6.78       6.89       7.00
finance

Inventory finance         7.33       7.81       9.10       8.35       8.64

Total loans and leases    6.13       6.13       6.18       6.23       6.27

Total interest-earning    5.87       5.84       5.80       5.83       5.96
assets

LIABILITIES

Interest-bearing
deposits:

Checking                  .35        .37        .39        .44        .62

Savings                   .87        .95        1.07       1.29       1.81

Money market              .76        .76        .90        1.03       1.45

Subtotal                  .73        .79        .89        1.05       1.44

Certificates of           1.08       1.64       2.36       2.72       2.98
deposit

Total interest-bearing    .77        .92        1.17       1.42       1.88
deposits

Total deposits            .62        .74        .94        1.15       1.49

Borrowings:

Short-term borrowings     .21        .17        .22        .33        .86

Long-term borrowings      4.63       4.63       4.61       4.65       4.67

Total borrowings          4.44       4.40       4.58       4.62       4.63

Total interest-bearing    2.01       2.11       2.25       2.43       2.81
liabilities

Net interest margin       4.20     % 4.07     % 3.92     % 3.80     % 3.66     %

(1) Annualized.



TCF FINANCIAL CORPORATION AND SUBSIDIARIES

RECONCILIATION OF GAAP TO NON-GAAP MEASURES(1)

(Dollars in thousands)

(Unaudited)

                                                 At Mar. 31,     At Dec. 31,

                                                 2010            2009

Computation of total equity to total assets:

Total equity                                     $ 1,393,617     $ 1,179,755

Total assets                                     $ 18,187,314    $ 17,885,175

Total equity to total assets                       7.66       %    6.60       %

Computation of tangible realized common equity
to tangible assets:

Total equity                                     $ 1,393,617     $ 1,179,755

Less: Non-controlling interest in subsidiaries     11,797          4,393

Total TCF Financial Corp. stockholders' equity     1,381,820       1,175,362

Less:

Goodwill                                           152,599         152,599

Other intangibles                                  1,361           1,405

Add:

Accumulated other comprehensive loss               11,836          18,545

Tangible realized common equity                  $ 1,239,696     $ 1,039,903

Total assets                                     $ 18,187,314    $ 17,885,175

Less:

Goodwill                                           152,599         152,599

Other intangibles                                  1,361           1,405

Tangible assets                                  $ 18,033,354    $ 17,731,171

Tangible realized common equity to tangible        6.87       %    5.86       %
assets

(1) In contrast to GAAP-basis measures, tangible realized common equity
excludes the effect of goodwill, other intangibles and accumulated other
comprehensive income (loss). Management reviews tangible realized common equity
as an ongoing measure and has included this information because of current
interest in the industry. The methodology for calculating tangible realized
common equity may vary between companies.



    Source: TCF Financial Corporation
Contact: TCF Financial Corporation, Wayzata Jason Korstange, 952-745-2755 www.tcfbank.com

The information that is on or available through this site speaks only as of the particular date or dates of that information. We do not guarantee the accuracy or completeness of information on or available through this site, and we are not responsible for inaccuracies or omissions in that information or for actions taken in reliance on that information. TCF Financial Corporation does not undertake an obligation, and disclaims any duty, to update any of the information on or available through this site.